The company reported standalone net loss during the quarter stood at Rs 3.65 crore compared to net profit of Rs 7.88 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 33.40 per cent at Rs 41.96 crore in October-December quarter of this fiscal as against Rs 63.00 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 19.82 per cent to Rs 43.57 crore from Rs 54.34 crore in year ago period.

Other Income dipped by 10.53 per cent at Rs 0.68 crore versus (Dec'23 Rs 0.76 crore).

Operating Profit slipped by 118.59 per cent to Rs -1.61 crore as against Rs 8.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 127.87 per cent in December quarter.

Interest grew by 107.25 per cent y-o-y to Rs 1.43 crore